Alpha Teknova Inc (NASDAQ:TKNO) saw a downside of -3.28% to $2.82 after subtracting -$0.1 on Wednesday. The 5-day average trading volume is 675,800 shares of the company’s common stock. It has gained $4.27 in the past week and touched a new high 4 times within the past 5 days. An average of 186,575 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 81,502.
TKNO’s 1-month performance is 27.50% or $0.86 on its low of $1.66 reached on 09/07/23. The company’s shares have touched a 52-week low of $1.62 and high of $6.48, with the stock’s rally to the 52-week high happening on 01/25/23. YTD, TKNO has lost -49.93% or -$2.57 and has reached a new high 5 times. However, the current price is down -56.42% from the 52-week high price.
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Insider Transactions
TKNO stock investors last saw insider trading activity on Sep 19.Hood Lisa (Chief People Officer) most recently sold 11,400 shares at $3.80 per share on Jun 13. This transaction cost the insider $43,268. Chief People Officer, Hood Lisa, sold 3,119 shares at a price of $2.04 on May 17. Then, on Nov 15, Chief People Officer Hood Lisa sold 2,046 shares at a price of $5.28 per share. This transaction amounted to $10,811.
Valuation Metrics
TKNO stock has a beta of -0.30. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.04 while the price-to-book (PB) in the most recent quarter is 0.93.
Alpha Teknova Inc’s quick ratio for the period ended June 29 was 1.09, with the current ratio over the same period at 1.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.19, while the total debt to equity was 0.47. In terms of profitability, the gross margin trailing 12 months is 33.70%. The trailing 12-month EBITDA margin is -61.24% while for the period ending June 29, Alpha Teknova Inc’s operating margin was -76.82%. The firm’s gross profit as reported stood at $17.48 million against revenue of $41.42 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 13.29% to -$7.15 million, while revenue of -$8.82 million was -23.36% off the previous quarter. Analysts expected TKNO to announce -$0.28 per share in earnings in its latest quarter, but it posted -$0.25, representing a 10.70% surprise. EBITDA for the quarter stood at more than -$5.58 million. TKNO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 46.34 million, with total debt at $40.23 million. Shareholders hold equity totaling $28.34 million.
Let’s look briefly at Alpha Teknova Inc (TKNO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 85.78% to suggest the stock is trending Overbought, with historical volatility in this time period at 114.39%.
The stock’s 5-day moving average is $2.44, reflecting a +63.30% or $1.19 change from its current price. TKNO is currently trading +40.18% above its 20-day SMA, +68.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -19.84% and SMA200 by-32.97%.
Stochastic %K and %D was 73.04% and 66.20% and the average true range (ATR) pointed at 0.47. The RSI (14) points at 74.06%, while the 14-day stochastic is at 53.85% with the period’s ATR at 0.39. The stock’s 9-day MACD Oscillator is pointing at 0.60 and 0.74 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for TKNO stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate TKNO as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is TKNO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.00 and a high of $6.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Alpha Teknova Inc (TKNO) stock is $5.33.
